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According to CNN if the Big 3 bailout is rejected by Congress the impact on the US economy would be devastating. When you combine the possible job cuts within each of the Big 3 automakers with the job losses in the satellite industries of car dealerships and auto parts suppliers the number of people poised [...]

The funny thing about this is, by kicking out all the companies I recommended they kick out a year ago (AIG, GM, F, C, BAC) AFTER they drop to near zero, they keep the Dow vulnerable to further losses. It becomes a rotating equity flushing vortex.
Also more layoffs coming on the way…
Automaker failure could [...]